income, big portfolio, this year, watch out, they're coming for you. first thing to know there, is brand spanking new income tax bracket, 39.6% for people, singles earning 400,000. married filing jointly, 450,000. if that is not enough, there is a medicare surtax on income of 0.9%. if you earn 200,000 singularly or 250,000 married filing jointly. on top of that, here it goes, a medicare surtax on investment income. this is one a real gotcha, 3.8%. so here is what we're seeing, i got to tell you, this year people will find for the first time, in new york we're used to this but in other parts of the country, your tax obligation all-in, all told, all of it could well be above 50%. tracy: new york is second. factor in your state and you're done. >> exactly. tracy: can be higher depending on your investment portfolio. adam: what are you saying could hit people with incomes far lower than $400,000.